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Nirmala Sitharaman Announced The Second Installment Of The Economic Stimulus Of Rs 20 Lakh Crore

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5 years ago

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Nirmala Sitharaman Announced The Second Installment Of The Economic Stimulus Of Rs 20 Lakh Crore

Union Finance Minister Nirmala Sitharaman on Thursday revealed the second installment of measures for the government’s “Atmanirbhar (self-sufficient) campaign”. With a view to reviving the economy closed by coronavirus lockdown, PM Narendra Modi announced an economic package of Rs 20 lakh crore.

Sitharaman in his first installment on Wednesday announced a bail-free automatic loan of Rs 3 lakh crore for businesses including MSMEs, as well as liquidity facilities of Rs 30,000 crore for NBFCs among other measures.

The main points of address of the Finance Ministers are as follows:

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  • The government provides additional emergency loan assistance of Rs 30,000 crore for farmers through NABARD and about 3 crore farmers will benefit from it. This is more than Rs 90,000 crore to be provided by NABARD through the normal refinance route during this year.
  • The Center will give a concessional loan of about 2 lakh crore rupees through Kisan Credit Card to about 2.5 crore farmers. A special campaign will be conducted for PM-farmer beneficiaries, fishermen, and animal husbandry farmers.
  • The center will supply free food grains to all the migrants for the next 2 months. Non-card holders (expatriates without NFSA or state card beneficiaries) will be given 5 kg rice / wheat and 1 kg gram per family for two months.

This will benefit around 8 crore migrants and the central government will bear the entire cost of Rs 3,500 crore.

  • Public distribution ration cards can be used in any ration shops regardless of the state. One Nation One Ration Card ‘will be implemented and we assure 100% national portability of these cards by March 31, 2021.
  • By May 13, we have already created 16.82 million person-jobs, which is an enrollment of 60-50% more people than last May. Migrant workers going back to their states are being actively enrolled in the MGNREGA.
  • Street vendors have been given a special credit facility of Rs 5,000 crore. Initial working capital of Rs 10,000 will be provided to them.
  • Digital payments will be promoted for street vendors through monetary rewards and working capital credits.
  • We want to give to the lower class of middle-class groups who earn 6 to 18 lakh rupees annually. A Credit-Linked Subsidy Scheme (CLSS) was introduced by the government in 2017 and scheduled to end in March 2020, being extended by March 2021 and apart from the 3.3 lakh families who have benefitted so far, another 2.5 Lakhs of people can benefit from this affordable housing scheme. This will promote employment generation as demand for steel construction, construction materials will increase.
  • Under the Mudra Shishu loan (Rs. 50,000 or less), interest subvention assistance of 2% will be given to the borrowers after the expiry of the period of 3 months. More than 3 crore people will get its benefit under the Shishu category.
  • The government has allowed state governments to set up a shelter for migrants and use SDRF to provide food, water to them. We are conscious, we are participating in migrants and giving them in different ways.
  • The government will launch a scheme for affordable rental housing for migrant workers / urban poor for easy living by converting government-funded housing in cities to affordable rental housing complexes (ARHC) under PPP mode through concessional means.
  • The Rs 6,000 crore Compensatory Afforestation Management and Planning Authority (CAMPA) funds will be set up under the Compensatory Afforestation Fund, Act 2016 to generate employment opportunities in urban, semi-urban and rural areas.
  • 12,000 self-help groups have produced 3 crore masks and 1.2 lakh liters of sanitizer, giving additional employment opportunities to the urban poor.
  • 10,000 crore has been spent in the last two months on the creation of 14.62 crore man-days of work under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) to help migrant workers. As of 13 May, 2.33 crore salary seekers have been offered work.
  • From March 1, the interest subvention for loans to farmers and early repayment incentives on crop loans has been extended till May 31, 2020.
  • 25 lakh new Kisan Credit Cards have been approved with a loan limit of Rs 25,000 crore.
  • 7,200 new SHG groups have been created for the urban poor.
  • We are proposing a national floor-wise wage rate to maintain uniform wage rates across states. Currently, the minimum wage only applies to 30 percent of workers.
  • The government has also proposed to issue letters of appointment to all workers to promote formalities and annual health checkups for all employees.
  • We want to extend ESIC benefits to all establishments, especially those with less than 10 employees.
  • Today’s initiative has been announced to focus on migrant workers, street vendors, small traders, self-employed people, small farmers.
  • The government is not doing it, working for the marginalized.
  • In 9 measures – 3 pertain to migrant workers, 1 to street vendors, small traders, self-employed people, 2 to small farmers 1 to housing.

Also Read: Follow This Diet To Stay Healthy While Working From Home 

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$92.8 million

Archana Puran Singh fractures wrist, apologises to Rajkummar Rao for leaving shoot midway

Published

3 weeks ago

on

January 30, 2025

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Archana Puran Singh fractures wrist, apologises to Rajkummar Rao for leaving shoot midway

Archana Puran Singh, a Bollywood actor, was injured during a film shoot in Mumbai. She fractured her wrist during the shoot and was taken to Nanavati Max Super Speciality Hospital. Singh apologised to Rajkummar Rao for leaving the shoot midway and expressed her gratitude for the surgery.

She also shared the visible swelling around her lips and the lessons she learned from the incident. Singh was discharged after the surgery and is now back at work. She was last seen in Vicky Vidya Ka Woh Wala Video, which starred Rajkummar Rao, Triptii Dimri, Mallika Sherawat, and Vijay Raaz. The film failed to perform well at the box office, collecting only ₹58.03 crore worldwide.

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Veteran actress Archana Puran Singh recently suffered a wrist fracture while shooting for her upcoming film alongside actor Rajkummar Rao. The incident occurred around 5 a.m. on the film set, leading to immediate medical attention. She was promptly taken to Nanavati Max Super Specialty Hospital in Vile Parle, Mumbai, where she underwent surgery for the injury.

Rajkummar Rao, known for his versatility and dedication to his craft, has expressed his concern and support for Archana during this challenging time. The two actors share a professional camaraderie, having previously collaborated on various projects. Their mutual respect and understanding have been evident in their past interactions.

Archana Puran Singh, a seasoned actress and television personality, has been a prominent figure in the Indian entertainment industry for decades. She is widely recognized for her roles in films such as “Kuch Kuch Hota Hai,” “Maine Pyaar Kiya,” and “Baadshah.”

In addition to her film career, she is a beloved judge on the popular television show “The Kapil Sharma Show,” She was promptly taken to for the injury. where her infectious laughter and warm demeanor have won the hearts of audiences.

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Rajkummar Rao, on the other hand, has established himself as one of the most talented actors of his generation. His performances in films like “Newton,” “Stree,” and “Roohi” have garnered critical acclaim and numerous awards. Known for his commitment to diverse roles and his ability to bring depth to his characters, Rajkummar continues to be a significant presence in the Indian film industry.

The upcoming film featuring Archana Puran Singh and Rajkummar Rao has generated considerable excitement among fans and industry insiders. Details about the film’s plot and release date are currently under wraps, but the collaboration between these two esteemed actors has piqued interest.

In the meantime, Archana is focusing on her recovery, following medical advice and undergoing necessary physiotherapy sessions. She has expressed gratitude for the support and well-wishes from her fans and colleagues. Her resilience and positive attitude during this period are commendable, and she remains committed to returning to work once she has fully healed.

The incident serves as a reminder of the physical demands and risks associated with the entertainment industry. It highlights the importance of safety measures on set and the need for prompt medical attention in case of injuries. Both Archana and Rajkummar have demonstrated professionalism and dedication, ensuring that the production continues smoothly despite the unforeseen circumstances.

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Fans eagerly await updates on Archana’s recovery and the progress of the film. The collaboration between these two talented actors is anticipated to bring a compelling and engaging story to the screen, further enriching the Indian film landscape.

For more insights into Archana Puran Singh’s journey and her experiences in the entertainment industry, you can watch the following video

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